Mortgages and Remortgages When You Have an IVA

Usually under the terms of your IVA, you will be required to release any equity that you have in your home. If this applies to you then in year 4 or 5, you will have to take out an IVA remortgage in order to release the available money from your property for the benefit of your creditors.

Any increased payments you have to make as a result of your IVA remortgage will be taken into account when it comes to your IVA monthly contribution so you won’t be left without enough money to live on.

IVA mortgages and remortgages can be invaluable for people who otherwise wouldn’t be able to get these products from conventional lenders.

Learn more about being a homeowner with an IVA by Calling now on 08000 43 43 47 to discover if an IVA could be the solution to your debt problems or complete our IVA Wizard and see if you qualify for an IVA.